Northern Trust and Equity Data Science (EDS), the investment manager, have announced the launch of a new Environmental, Social and Governance (ESG) workflow solution designed to enable investors to access and share ESG information more quickly.

The organisations said that the new tool uses data science to help increase transparency while “driving efficiencies in collaboration among investment teams”.

The companies added that a lack of clear, industry-accepted standards for ESG data poses a challenge for investors and that its ESG workflow solution can integrate ESG data and analysis directly into the investment process, incorporating feeds from multiple data providers and types.

“We know that implementing ESG is a top concern for our clients, so EDS and Northern Trust have come together to launch our new ESG workflow solution to provide our clients with a single source for their data,” said Paul Fahey, head of investment data science at Northern Trust. “This enables more efficiency and transparency for investment teams and helps clients streamline their data and reporting processes.”

Commenting on the solution, Greg McCall, president of Equity Data Science, said: “The ESG workflow solution helps clients tackle several issues brought on by the complexities of ESG data without altering their processes.”

He continued: “This allows investment teams to modernise and integrate their ESG data across the entire investment lifecycle, empowering them to further harness their ESG data.”

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